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20121129
20121129
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in the game for the good of the country. joining me now is chris van hollen, democrat from maryland. he was in the democratic leadership meeting with secretary geithner this meeting. congressman, thank you for your time tonight. >> reverend, good to be with you. >> congressman, you were in the meeting on the hill today. the white house wants $1.6 trillion in tax increase, 50 billion in economic stimulus and new power for the president to raise the debt limit without congressional approval. what can you tell us about that? >> well, first of all, secretary geithner on behalf of the president had two meetings on the house side. one with the republican leaders and one with democratic leaders. you're right, secretary geithner laid out key provisions. many of these are in the president's budget. if the republicans look carefully at the budget, it has called for a jobs plan that includes $50 billion of investment and that's part of a plan that would also immediately extend tax cuts to 98% of the people. the president has said we need $1.6 trillion in revenue as part of a long-term deficit redu
want to bring in chris van hollen. good to see you. >> great to see you. >> from what you're hearing, are you close to a deal? >> we're not close to a deal. everyone's continuing to work very hard to get a deal. the president and secretary geithner reaching out to capitol hill as the president is reaching out to the country. >> let's talk about some of the numbers. politico reporting $1.2 trillion in tax increases. $400 billion in entitlement cuts. mostly from medicare. another $1.2 trillion in spending cuts and war savings. does that soiund like it's in te ballpark to you? >> i think it's too early to say what's in the ballpark. the overall question you're asking is how much will come from revenue, how much will come from cuts. there's been no agreement reached on that yet. and you have to fill in the details. >> let's talk about one of the things that is getting conversation today. if the republicans give on raising taxes, and we know that skr john boehner and a lot of republicans have said they don't want to raise taxes on people making over $250,000 a year. but if they're willing
. larry summers said he thought we should keep the payroll tax cut as a stimulus measure. chris van hollen made similar comments. it is a little bit influx as to what will happen. host: it was designed as a temporary cut to boost the economy. it increased take-home pay an average of $1,000 to $1800 per worker. here is a chart from "mondey' magazine. host: prio to december, 2010, that's what everybody was paying. has been proven this was stimulus toward the economy? asest: i didn't know it w proven. i think economists believe it does help boost the economy a little bit. host: we want to put the numbers on the screen if you like to participate in the discussion with the so-called fiscal cliff and the payroll tax cut specifically. 202-585-3880 for democrats. 202-585-3881 for republicans. you can e-mail us or post a twitter comment at twitter.com/cspanwj. going back to the origins of this idea. who developed it? did the republicans resisted at first? guest: there was a tax credit with a similar targets that obama was a champion of in the 2009 stimulus bill. he wanted to continue that. republic
Search Results 0 to 2 of about 3